Tax Executives: Congress Won’t Revamp Business Taxes in ’13

Odds of a fundamental rewrite of the business tax system have plummeted since last year, according to an annual survey of corporate tax executives.

The survey of 163 tax executives by law firm Miller & Chevalier and the National Foreign Trade Council shows that only a few think that a tax overhaul will be enacted in 2013. Last year, 31% of respondents believed Congress would pass a tax revamp in 2013.

This year, more than 40% of respondents predict that fundamental tax reform will not be enacted until after 2015, if ever. Last year, 11% of respondents thought a tax overhaul would not be enacted until after 2015, if ever.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.